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CNN
Dec 26, 2012 4:00am PST
. >>> aloha means good-bye. president obama cuts his hawaiian vacation short to deal with the fiscal cliff. it is already too late? good morning, 7:00 in the east. i'm alina cho. >> and i'm drew griffin. soledad o'brien is off today. "starting point" begins right now. >>> our starting point, a cruel one. a one-two christmas punch from mother nature. tornadoes and blizzards tearing through the south and midwest. >> oh, my god. we need to go. it's right there. >> mobile, alabama, took a real beating. a twister blowing up transformers, leaving more than 25,000 customers without power. reports to damage to homes, a high school, and church. >> it came in behind the church right there, and then all green fluorescent lighting and popping transformers left and right. and we heard the crashing and everything and the power went out. >> i prayed to god as loud as i could, and i was just praying for my safety, and i knew the church was shaking. i just prayed that the church stayed put. >> here is the other half of this story, blizzard conditions blanketing much of the midwest and the northeast will ge
FOX News
Dec 28, 2012 8:00am PST
down toward the fiscal cliff deadline and looming tax hikes and spending cuts, that will impact nearly every single american we are just hours away from a crucial white house meeting of the president obama and leaders from the house and senate will sit down for their first face-to-face since november! but what can they hope to accomplish with so little time left, and at this point do they even want to come up with a solution? joining us oklahoma congressman james langford, incoming chairman of republican policy committee and serves on the house oversight and budget committees. congressman, are we going over the cliff? >> well we certainly hope so, hope not actually, but trying to get this resolved. the house as you know full well passed all of our sequestration documents in may. passed all of our tax documents in august and we have waited for the senate all this time and for the president frankly all this time. frustrating for the house did all our work early and be at the point we never hoped to be at. jon: when senate majority leader harry reid says speaker boehner, leader of the hou
CNN
Dec 28, 2012 2:00am PST
the fiscal cliff, just four days left before we go over the edge triggers tax hikes, spending cuts that could send the nation back into recession. the president calling for members of the congress the back. a gang of six attending. vice president biden, harry reid, house minority leader nancy pelosi, mitch mcconnell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority leader harry reid said he doesn't see how it can get done by january 1st. we heard from president obama before he left from his vacation that he was optimistic. logistically the white house will tell you it's possible. when you listen to what you're hearing some of these congressional leaders say, there's a lot of posturing laying blame to the other side if we do go over the cliff. take a listen. >> republicans are not about to write a blank check for anything senate democrats put forward because we find ourselves at the edge of the cliff. >> we are here in wa
CBS
Dec 27, 2012 7:00am PST
sales was uncertainty about the fiscal cliff, tax hikes and spending cuts set to take effect next year. if lawmakers don't reach a deal to avoid it consumers could see higher taxes eating into their paychecks. even online sales suffered compared to past years of double-digit growth this year online holiday sales rose only about 8% compared to nearly 16% last year. lack of consumer confidence means this shopping season could be the weakest since the recession in 2008 when sales actually shrank. >> consumers need to have more confidence. right now it's more of an uncertain way for the first half of 2013 so i think everyone has thought going into the year. >> for businesses, the holiday shopping season officially ends december 31st, and retailers are hoping to salvage some profits by offering deep discounts until then. the president of the national retail federation is still optimistic. he estimates holiday sales growth will be about 3.5% to 4% this year. rebecca and jeff? >> thanks elaine. it's interesting, macy's and target report next week so we're going to hea
FOX
Dec 28, 2012 7:00am EST
that done or milk prices go up and with the fiscal cliff, massive tax increases and spending cuts. that's the latest here at the white house, back to you. >> thank you, sherri. >>> we've been getting responses to the cliff talks on our facebook page. that's where we asked you, what do you think about congress and the white house not reaching a deal on the fiscal cliff? do you think it's possible that a compromise will be reached before the deadline? tammy simpson writes -- peggy fleming says -- >> a lot of people fired up obviously over this. >>> traffic is back to normal on the springfield interchange, even while virginia state police continue to investigate a deadly accident there. this happened around 7:00 last night when a tractor-trailer stopped in traffic, was rear- ended by a pickup truck. three people inside the pickup truck died at the scene. the driver of the tractor- trailer was not hurt. >>> d.c. police are offering a $25,000 reward for information leading to the arrest in the shooting death of a capitol hill man. jason emma was shot multiple times the morning of christmas e
CNN
Dec 27, 2012 4:00am PST
hit the fiscal cliff. what happens to your bottom line if you do? january 1st all the bush tax cuts will expire, all of them with taxes going up an average of $1,600 per household. the payroll tax holiday also expires, that means the tax burden will rise an average of $700 per household. extended unemployment benefits, the ones we were talking about with lisa expire, so collection of unemployment benefits will shrink from 79 or 99 weeks back to 26 weeks in six months. the medicare doc fix expires, a 27% cut in physician payments and the alternative minimum tax will expand to 27 million more americans for whom it was not intended. obama care taxes hit, a 0.9% jump in medicare payroll taxes for those earning $200,000 or more, that is likely to happen regardless of whether or not there's any fix. i bring in senator richard blumenthal, a democrat from connecticut. thanks for joining us. we have five days to go. you think we'll get a deal. >> i'm hopeful. there's sufficient time to reach a deal if we use the common ground we have and that common ground is nobody wants to go over the fisc
NBC
Dec 27, 2012 5:00am EST
. lawmakers gear up to tackle the fiscal cliff on capitol hill. >> the fiscal cliff deadline is inching closer. the aviation industry is not worried. they say they will not face immediate destruction. the defense industry urging congress to shift its attention from the cuts than to fighting over taxes. if the cuts take effect, many jobs would be lost. starbucks taking a stand on the cliff. asking customers to write "come together" on cups. toyota will take a $1.1 billion charge to settle a lawsuit that has to do with more than 10 million vehicles because of unintended acceleration. good news for the housing market. homes i use will rise as much as 2.5% nationwide. they expect 2013 to be a seller's market. the best places to buy include cleveland and philadelphia. i'm ellen braitman with the bloomberg business report. >> 5:22. support pours into newtown, connecticut. a memorial that includes every gift and a letter. don't forget to e-mail us your response to our water cooler question of the day. will you be more likely to visit a maryland casino now that some are open 24/7? you can share your r
FOX News
Dec 28, 2012 3:00am PST
this all along, go off the fiscal cliff. >> i think that he sees a lot of cuts to the military, which the democrats have been after for a long time. and then he gets to do what he loves to do, which is blame republicans. my concern is that i actually see financial problems for our nation at the bottom of the cliff. the president was really interested in the level of the debt we have in this country, the $16 trillion, we would have had a budget pass the senate sometime in the last three years. he proposed a budget, none of the democrats even voted for it. >> juliet: remember, they're having a meeting in a few hours and with all the sniping going back and forth, particularly from janer and harry reid, they'll be in that little room together. it should be interesting. >> eric: brass sew makes a good point and i agree that president obama probably wanted to go over the cliff from the very beginning, but i don't agree where he said at the bottom of the fiscal cliff is something bad for america. it will be tough medicine to take, we've been talking about it, spending cuts to defense, no one
FOX News
Dec 26, 2012 10:00am PST
the fiscal cliff as a group of democrats push for the extension of most of the bush-era tax cuts, cuts they say staunchly -- they opposed years ago. joining us now to talk about it, tony -- [inaudible] a republican political analyst and consultant and a national political correspondent for talk radio news service. michael is a democratic strategist, and he joins us as well. good to see you both. tony, look, the word we're getting is that harry reid is going to pass an extension of the bush tax cuts for anybody under 250,000, extend unemployment benefits for two million folks. um, now, if that happens, it goes to the house, and the house will probably have to put it up. aren't republicans, your party, going to wish that they had passed plan b? >> absolutely, gregg. look, plan b really should have been our plan a, number one. number two, plan b was really the idea of chuck schumer and nancy pelosi as recently as in this summer. to set the threshold on incomes to a million dollars versus 250,000, allow those tax rates for a million and above go up, the president talked about taxing millio
CNN
Dec 27, 2012 2:00am PST
, if we go over the f 'tis cal cliiscal cl should buy some room. the fiscal cliff is a cut in taxes and a cut in spending which should relieve some of the spending toward the debt limit. it is a factor in terms of long range planning for the united states government. but actually going over the cliff might buy some more time. so i think what secretary geithner was doing was sort of issuing a warning saying we should take care of this now. whatever the plan is in the last five days or even if it's right after the new year should probably take into account the fact we're going to need more room under that debt ceiling at some point. >> jonathan allen, we'll rely on you throughout this crisis to see what's going on. thanks for joining us this morning. >> take care, drew. >>> he was hoping he'd be home by christmas but former president george h.w. bush is still in intensive care at a houston hospital. he's got an elevated fever. the nation's 41st president is on a liquid diet. he's listed as guarded. he's the 88-year-old bush coping with christmas in the hospital? well, his spokesman qu
FOX News
Dec 27, 2012 4:00pm PST
minute fiscal cliff meetings and it appears there will be one tomorrow. harris? >> well, what kind of response is the president getting from lawmakers at this point? >> well, senate republicans say they are willing to listen to any ideas the president has as to how to find a way forward. here is more. >> last night i told the president we would be happy to look at whatever he proposes. but the truth is we are coming up against a hard deadline here. and as i said, this is a conversation we should have is had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> the senate is in session and this is the first time either the house or senate has been in session for legislative business between christmas and new year's since 1970. harris? >> harris: not to put too fine a point on, it i guess it is politics, i don't know. saw what looks like a bit of taunting teen the top senate democrat and the top house republican. >> a bit of taunting that happens sometime on capitol hill. t
FOX News
Dec 27, 2012 8:00am PST
obama cutting his vacation short to avoid the fiscal cliff but house speaker john boehner says the people who need to take action are not in the oval office. >>> as the investigation continues into the deaths of four americans in libya we're learning people who were initially blamed are back on the payroll with little or no punishment. >>> unbelievable video. some aquariumgoers getting way too close to a real live shark. as close as you can get without becoming dinner. it is all "happening now." harris: hello, everyone, i'm harris faulkner, in today for jenna lee. jon: nice to have you up here in the big studio instead of down in the newsroom. harris: good to be here. jon: i'm jon scott. there is deadly weather pounding the united states. a powerful winter storm bringing snow and driving rain to the northeast. blizzard conditions in some areas. it is the same system that brought winter storms and tornados to the south and midwest. at least 12 people have died in this system. we're seeing major travel problems today as well. some areas are getting slammed all night long. anna ko
CNN
Dec 26, 2012 11:00am PST
until we hit the fiscal cliff. the president is cutting short his hawaiian vacation to go back to work. we'll look at whether a deal is likely to get done. >>> and not what people in alabama wanted for christmas. tornadoes ripped through the south. >> i prayed to god as loud as i could and i was just praying for my safety. and i knew that -- i prayed that the church stayed put. rsal] ♪ everybody well don't you know it's me now? ♪ ♪ yeah who's it, who's it huh? ♪ ♪ willy's back with a brand new beat now, ♪ ♪ yeah doin' it doin' it up! ♪ heyyy yeah, tryin' to bite my style! ♪ ♪ heyyy yeah, how you like me now? ♪ ♪ na na na na na na na na ♪ and everybody go uh! >>> we told you last hour president obama is spending his last few hours in hawaii before returng early to washington. he's expected to arrive tomorrow, just five days ahead of the fiscal cliff, which includes an across the board tax hike that congress has tried but failed to undo. cnn's dana bash is with us from washington, our senior congressional correspondent. we spoke last hour. you told us that hour
FOX News
Dec 29, 2012 3:00am PST
to be on popularity over the next few weeks if we go over the fiscal cliff and he ends up making cuts and so forth. what is going to happen is ultimately if this is is a success or a failure, it's his legacy that's going to tell the story that doesn't come down for republican's back against the walls this mess that krauthammer pointed out. what the republicans are doing mess in the house putting up this plan b and may get less than plan b they couldn't get a vote on plan b. senator corker thinks this whole thing he mentioned last night on greta is really too much spending keeping the spending and getting the tax increases, listen. >> it's a shame in this nation where every developed country in the world knows that our greatest threat is our fiscal solvency that you would have to have leverage points. you would think people would sit down and solve the problem because we know it is our greatest threat. that's not the case here. we have a president who has not laid out a plan. he is obviously a spendaholic. time quickly running out for a deal washington will be working all weekend in hopes of reachi
FOX News
Dec 30, 2012 3:00am PST
of the fiscal cliff. >> juliet: love it. >> dave: might cut your paycheck. we're not kidding. more info on that. >> clayton:'s he one of our favorite television neurotic guys, he's neurotic in real life, larry david. >> you came by the hall, wouldn't let me get by wouldn't let you get by me? >> my appointment was 11:30, yours is 11:45. >> clayton: turns out being neurotic may actually be good for you. we'll explain. "fox & friends" hour two starts right now. ♪ >> oh. >> juliet: why is that good news? why are you smiling about that neurotic thing? >> i agree with larry david on a lot of things. stop and chat, laboring about it all day, stop and chat. >> juliet: i move it along and the elevator is the worst. >> dave: stop and chat and you want to talk to clayton and you get natalie. >> clayton: for 40 minutes you're stuck in a conversation. we'll have more on that coming up. >> dave: it's seven o'clock eastern time and now what that means. >> clayton: how many hours left. >> dave: starbucks is open. >> clayton: starbucks is open. >> juliet: lisa, where are you? >> our day can continue. and we'
FOX
Dec 28, 2012 5:00pm EST
could do that and it would not help the medicare fiscal cliff. >> reporter: with time running out, hopes have diminished with talk of a smaller deal extending bush tax rates for the middle school and unemployment benefits. it puts off major spending cuts and reforms to entitlements like healthcare. >> we're going to end up with a small, kick-the-can, down-the- road bill to make another fiscal cliff to deal with this fiscal cliff. >> reporter: with expectation low, lawmakers are talk about how to retroactively fix any damage done by going over the cliff with congress. nicole collins, fox news. >>> developing tonight, a strike that could have shut down ports up and down the east coast is averted for now. the long shoreman's union along the east coast and gulf of mexico will extend the current contract for 30 days. that extension prevents a possible strike that could have crippled operations at port and including the port of baltimore. in a statement today, the maryland governor martin o'malley wrote, quote, the port of baltimore continues to be a major part of the state economic strait gen
CNN
Dec 26, 2012 6:00am PST
to reach a fiscal cliff deal. the senate and house are expected to reconvene tomorrow. we're six days away from possible across the board tax increases and spending cuts. >>> former president george h.w. bush is still in a houston hospital. his wife, barbara, and other relatives at his side. the 88-year-old has been in the hospital for more than a month with a lingering cough and recently had a low grade fever. doctors remain cautiously optimistic about a full recovery. >>> a claim of facebook privacy breach within the zuckerberg family. his sister says a family photo was reposted by another person on twitter. randy zuckerberg called the woman out. the woman apologized said it was public because it was in her facebook newsfeed. >>> in china the longest high speed railway opens, connects beijing with guangzhou, 1,500 in eight hours, but tickets start at $138, and they're a little pricey for some people and many travelers say it's cheaper and faster to fly. >>> a report just out this morning shows home prices up in october, the biggest annual gain in more than two years. alison kosik joins u
ABC
Dec 24, 2012 2:05am EST
is the fiscal cliff and yet no resolution just yet. the deadline for heading off tax hikes and spending cuts is now one week away. congress returns from a short holiday break on thursday and at least one senator expects negotiations to go up until new year's eve. one possibility is a partial deal on taxes and putting off spending for later. >>> also new insight this morning into mitt romney's failed run for the white house. comments coming now from his eldest son. tag romney tells "the boston globe" that his dad never actually wanted the top job and he was reluctantly convinced to run for president. "he wanted to be president less than anyone i've met in my life" is what tag said, direct quote. he went on to say that his father is a very private person who simply does not like attention. that's a stunning remark, the money, the time, the scheduling, the scrutiny, the investment. the people around you who come along for the ride. if you don't really want it, why would you jump and devote two years of your life running for the toughest job on the planet? >> i was at the romney headquarters ele
NBC
Dec 28, 2012 7:00am EST
to avoid the fiscal cliff? if so, what are they? >> well, obviously, there are cuts in the budget. we know we have to cut some of the mandatory programs and do other cuts, but it has to be accompanied with revenues. willie, i'm getting a little more optimistic today. sometimes it's darkest before the dawn. there are two good signs for optimism today. one is that leader mcconnell is actively engaged. you can't pass anything in the senate without democratic and republican votes because of the 60-vote barrier. we only have 53. for the first time, leader mcconnell is speaking to the president. if the senate is going to be the place where action starts, you need both of them there. the second reason for optimism is boehner is back at the table. because you can't pass something just through the senate. we see what a mess the house is. they couldn't even pass speaker boehner's own plan b. the fact that he's come back and the four of them are at the table means to me we could come up with some kind of agreement that would avoid the main parts of the fiscal cliff, particularly taxes going up on mid
MSNBC
Dec 25, 2012 2:30am PST
gets closer to the fiscal cliff. some lawmakers are now calling for a small scale deal as a temporary fix. >> i think it's impossible to get any kind of grand bargain or comprehensive package. i think we're dealing right now with whether or not we can put off the increases in tax rates. that's really all we can deal with right now. >> the house will stand in recess subject to the call of the chair. >> reporter: congress recessed alf republicans rejected house speaker jane bahner's compromise. he proposed letting tax cuts expire for those making over $1 million a year. other republicans say it's time for a deal. >> i agree with him. i don't think we ought to increase taxes on anyone. however, we're now at a point where we're not going to get what we think is right for our economy and our country. >> with congress coming back, the president will also reportedly cut short his holiday vacation in hawaii. democrats hope mr. obama will continue to fight for a complete agreement, not just a temporary patch. >> i definitely hope that he can and will continue to push for as big a deal as possi
CNN
Dec 28, 2012 11:00am PST
'm sure many americans are trying as well. >>> we talked about the effect of hitting the fiscal cliff on american taxpayers. what about businesss? what about businesses? rick newman of u.s. news and world reports tells us they're cutting back already. >> to say that business leaders are anxious i think is an understatement. i think they're thoroughly disgusted because you couldn't run a business like this, and they all know that. it is just kind of driving them crazy. but business leaders have been watching this for a long time, don. unlike a lot of consumers who may have just started paying attention over the last couple of weeks. business leaders have known this is coming for a long time. they know how ugly and dysfunctional it was in 2011 when we went through something similar with the debt ceiling. and they have more or less been expecting the same thing. so what we have seen over the last couple of months is that business activity has really slowed down. >> rick newman, u.s. news and world reports. why don't we remind you once again, that meeting is under way at the white house.
FOX News
Dec 27, 2012 1:00pm PST
to admit, it's the fiscal cliff, the debt clock stuff. i don't blame them. >> reporter: yeah. people think the general public is oblivious and not paying attention. they want to blow off the fact people are bored about hearing about the fiscal cliff but the reality is that 98% of americans will be affected and will see taxes go up if we go over the cliff at the end of the year. this consumer confidence number is an indication of what economist have been warning if we go over the cliff and enter into a new recession in 2013. that consumer confidence number down 6 points to just over 65. you know as well as i do this is a big change in the overall trend we had been seeing of improving consumer confidence. so as we near the fiscal cliff and near the end of the year, folks are buckling up, didn't spend as much as christmastime and we depend on the spending for economic growth. it's the engine of economic growth and all fingers point to another recession. >> eric: yesterday we got indication the retail sales for christmas were bad. today we get consumer sales. what's next? >> well basically we'
Search Results 0 to 21 of about 22